Federal Loans

Federal Plus Loan

The Federal PLUS loan is available to a parent to assist in covering the necessary cost. The yearly limit on a PLUS Loan is equal to the student’s cost of attendance less any other financial aid received. GRAD PLUS loans are also available to graduate students. This loan is subject to a federal processing fee assessed at the time of disbursement.

Federal Direct Stafford Loan

All undergraduate students who file FAFSA can borrow a base amount of loans annually which may be subsidized or unsubsidized dependent on need as determined by the FAFSA. Subsidized loans have better terms than Unsubsidized loans.

Private Loans

Private or alternative student loans are not controlled by Title IV federal aid regulations and do not have government subsidies. Many lenders provide such loans and each may offer different benefits and incur vastly different costs, including interest rates.

Most of these loans will require a credit-worthy cosigner to act as guarantor on the loan. In fact, you may be approved or receive better terms based on the credit-worthiness of your cosigner.

Student Employment

Student employment is available on campus at Emory & Henry College. Campus positions may pay up to $2,000 a year in exchange for hourly work per week by the student.